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Pharmaceutical Gelatin Market Outlook 2024-2033: Insights and Market Overview
Pharmaceutical Gelatin Market Outlook
As per the report, the pharmaceutical gelatin market size has grown strongly in recent years. It will grow from $1.21 billion in 2023 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The pharmaceutical gelatin market size is expected to see strong growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Pharmaceutical Gelatin Market Surges with Rising Demand in the Thriving Health and Wellness Industry
The increasing demand for health and wellness is expected to propel the growth of the pharmaceutical gelatin market going forward. Health and wellness are terms that encompass a holistic approach to overall well-being, incorporating physical, mental, and social aspects of health. Pharmaceutical gelatin is used in health and wellness to deliver medications safely and effectively by improving the effectiveness of some medications and reducing the need for frequent dosing. For instance, in January 2024, according to Wellness Creative Co, a UK-based wellness company, the health and wellness sector is expected to reach $7.2 trillion by 2025, growing at an annual rate of 8.5%. Therefore, the increasing demand for health and wellness is driving the growth of the pharmaceutical gelatin market.
Revolutionizing Softgel Production Easyseal Gelatin Introduces Advanced Solution
Major companies operating in the pharmaceutical gelatin market are introducing advanced solutions such as, Easyseal gelatin to reduce the production costs associated with soft gel leakers. Easy seal resolves the issue as its solution incorporates optimized seam forming and enhanced seam thickness and stability, making soft capsules more resilient to physical stress and mitigating the problem of leakers. For instance, in December 2023, GELITA MEDICAL GmbH, a Germany-based manufacturer of gelatin and collagen peptides for the food, health, and nutrition pharmaceutical industries, launched Easyseal gelatin. The innovation exhibits reduced dependency on sealing temperature compared to other gelatins and boasts superior drying properties. It helps enhance energy efficiency and also improves overall production capacity. The new product empowers manufacturers to reliably seal capsules at high speeds, especially with suspensions that are typically challenging to fill. It proves particularly beneficial in the creation of products requiring special equipment, such as double-step die tooling.
The pharmaceutical gelatin market covered in this report is segmented -
1) By Type: Type A, Type B
2) By Function: Stabilizing Agent, Thickening Agent, Gelling Agent & other function
3) By Source: Porcine, Bovine Skin, Bovine Bone, Marine, Poultry
4) By Application: Hard Capsules, Softgel Capsules, Tablets, Absorbable Hemostats, Other Applications
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Major companies operating in the pharmaceutical gelatin market report are Nitta Gelatin Inc., Lonza Group AG, Darling Ingredients Inc., Catalent Inc., Tessenderlo Group NV, Gelita AG, Rousselot Inc., Weishardt & Co. KG, Batotau Dongbao Bio-Tech, Nippi Collagen Co. Ltd., Apex Pharma Ltd., Narmada Gelatines Ltd., Aspire Pharmaceuticals Pvt. Ltd., Sterling Gelatin Limited, Junca Gelatines SL, Trobas Pharmaceutical gelatine B.V., Gelco International, Reichert Gruppe Ingredients GmbH, Norland Products Inc., Lapi Gelatine S.p.a., Italgelatine S.p.A, Kenney & Ross Limited, Norland Products Inc., Xiamen Yasin industry & Trade Co. Ltd., PB Gelatins SA
Contents of the report:
1. Executive Summary
2. Pharmaceutical Gelatin Market Report Structure
3. Pharmaceutical Gelatin Market Trends And Strategies
4. Pharmaceutical Gelatin Market - Macro Economic Scenario
5. Pharmaceutical Gelatin Market Size And Growth
…..
27. Pharmaceutical Gelatin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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